Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita. The company sells its tickets through various distribution channels, including delta.com and mobile applications/Web, telephone reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance, repair, and overhaul services; staffing, aviation, and professional security and training services to third parties; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. As of February 9, 2018, the company operated a fleet of approximately 800 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Equity (BVPS)

34.61

1.25

0.31

1.07

1.45

-2.50

0.16

14.90

13.28

17.12

19.80

growth rate

-96.4%

-75.2%

245.2%

35.5%

-100.0%

100.0%

9,212.5%

-10.9%

28.9%

15.7%

Earnings BIT

1,820.00

-9,040.00

-1,580.00

608.00

769.00

1,030.00

2,530.00

5,268.00

6,501.00

6,502.00

5,855.00

growth rate

-100.0%

0.0%

100.0%

26.5%

33.9%

145.6%

108.2%

23.4%

0.0%

-10.0%

Avg.PE

2.75

-0.50

-5.10

17.92

7.99

10.00

2.24

57.05

7.64

8.85

10.76

growth rate

-100.0%

0.0%

100.0%

-55.4%

25.2%

-77.6%

2,446.9%

-86.6%

15.8%

21.6%

ROA

6.19

-23.04

-2.79

1.37

1.97

2.29

21.78

1.24

8.44

8.38

6.84

growth rate

-100.0%

0.0%

100.0%

43.8%

16.2%

851.1%

-94.3%

580.7%

-0.7%

-18.4%

ROE

15.90

-162.41

-221.09

103.85

-61.20

-47.30

221.61

6.44

46.04

37.80

27.31

growth rate

-100.0%

0.0%

100.0%

-100.0%

0.0%

100.0%

-97.1%

614.9%

-17.9%

-27.8%

ROIC

-40.45

-1.21

8.36

83.99

5.09

25.58

23.86

18.06

growth rate

0.0%

100.0%

115.8%

-93.9%

402.6%

-6.7%

-24.3%

Cur. Ratio

0.79

0.81

0.79

0.64

0.61

0.62

0.68

0.74

0.52

0.49

0.42

growth rate

2.5%

-2.5%

-19.0%

-4.7%

1.6%

9.7%

8.8%

-29.7%

-5.8%

-14.3%

Quick Ratio

0.58

0.64

0.62

0.45

0.41

0.38

0.38

0.39

0.32

0.35

0.27

growth rate

10.3%

-3.1%

-27.4%

-8.9%

-7.3%

0.0%

2.6%

-18.0%

9.4%

-22.9%

Leverage

3.21

51.50

177.71

48.15

4.49

6.14

4.90

4.17

3.83

growth rate

1,504.4%

245.1%

-72.9%

-54.7%

36.8%

-20.2%

-14.9%

-8.2%

Balance Sheet

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Acct.Receivable

1,513.00

1,353.00

1,456.00

2,024.00

2,156.00

3,348.00

2,297.00

2,020.00

2,064.00

2,377.00

growth rate

-10.6%

7.6%

39.0%

6.5%

55.3%

-31.4%

-12.1%

2.2%

15.2%

Acct.Payable

5,110.00

5,686.00

6,476.00

2,622.00

2,743.00

2,572.00

3,674.00

growth rate

11.3%

13.9%

-59.5%

4.6%

-6.2%

42.9%

Cur.Assets

8,974.00

7,991.00

7,307.00

7,729.00

8,272.00

9,651.00

9,158.00

9,056.00

7,451.00

7,844.00

growth rate

-11.0%

-8.6%

5.8%

7.0%

16.7%

-5.1%

-1.1%

-17.7%

5.3%

Total Assets

45,084.00

43,789.00

43,188.00

43,499.00

44,550.00

52,252.00

54,005.00

53,134.00

51,261.00

53,292.00

growth rate

-2.9%

-1.4%

0.7%

2.4%

17.3%

3.4%

-1.6%

-3.5%

4.0%

Cash

4,255.00

4,607.00

2,892.00

2,962.00

2,791.00

3,429.00

2,088.00

1,972.00

2,762.00

1,814.00

growth rate

8.3%

-37.2%

2.4%

-5.8%

22.9%

-39.1%

-5.6%

40.1%

-34.3%

Inventory

388.00

327.00

318.00

535.00

1,023.00

1,063.00

852.00

697.00

891.00

1,329.00

growth rate

-15.7%

-2.8%

68.2%

91.2%

3.9%

-19.9%

-18.2%

27.8%

49.2%

Cur.Liabilities

11,092.00

9,797.00

11,385.00

12,701.00

13,270.00

14,152.00

16,847.00

17,526.00

15,239.00

18,573.00

growth rate

-11.7%

16.2%

11.6%

4.5%

6.7%

19.0%

4.0%

-13.1%

21.9%

Liabilities

44,210.00

43,544.00

42,291.00

44,895.00

46,681.00

40,609.00

45,192.00

42,284.00

38,974.00

39,382.00

growth rate

-1.5%

-2.9%

6.2%

4.0%

-13.0%

11.3%

-6.4%

-7.8%

1.1%

LT Debt

7,990.00

15,411.00

15,665.00

13,179.00

11,847.00

11,082.00

9,795.00

8,200.00

6,538.00

5,999.00

6,295.00

growth rate

92.9%

1.7%

-15.9%

-10.1%

-6.5%

-11.6%

-16.3%

-20.3%

-8.2%

4.9%

Equity

10,113.00

874.00

245.00

897.00

-1,396.00

-2,131.00

11,643.00

8,813.00

10,850.00

12,287.00

13,910.00

growth rate

-91.4%

-72.0%

266.1%

-100.0%

0.0%

100.0%

-24.3%

23.1%

13.2%

13.2%

Common Shares

341.00

468.00

827.00

843.00

844.00

850.00

858.00

845.00

804.00

755.00

723.00

growth rate

37.2%

76.7%

1.9%

0.1%

0.7%

0.9%

-1.5%

-4.9%

-6.1%

-4.2%

Cash Flow Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Capital Expenditures

1,036.00

1,368.00

1,102.00

1,342.00

1,254.00

1,968.00

2,521.00

2,249.00

2,945.00

3,391.00

3,891.00

growth rate

32.1%

-19.4%

21.8%

-6.6%

56.9%

28.1%

-10.8%

31.0%

15.1%

14.7%

Cash Dividends

0.00

0.00

0.00

0.00

0.00

0.00

102.00

251.00

359.00

509.00

731.00

growth rate

146.1%

43.0%

41.8%

43.6%

Cash From OA

1,359.00

-1,707.00

1,379.00

2,832.00

2,834.00

2,476.00

4,504.00

4,947.00

7,927.00

7,205.00

5,148.00

growth rate

-100.0%

100.0%

105.4%

0.1%

-12.6%

81.9%

9.8%

60.2%

-9.1%

-28.6%

FCF per Share

1.09

-6.90

0.21

1.77

0.82

0.60

2.06

3.47

5.27

5.32

1.14

growth rate

-100.0%

100.0%

742.9%

-53.7%

-26.8%

243.3%

68.5%

51.9%

1.0%

-78.6%

Sale Purchase of Stock

-250.00

-1,100.00

-2,200.00

-2,601.00

-1,677.00

growth rate

0.0%

0.0%

0.0%

0.0%

FCF

323.00

-3,229.00

177.00

1,490.00

1,580.00

508.00

1,936.00

2,698.00

4,982.00

3,814.00

1,257.00

growth rate

-100.0%

100.0%

741.8%

6.0%

-67.9%

281.1%

39.4%

84.7%

-23.4%

-67.0%

Income Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Sales

19,150.00

22,697.00

28,063.00

31,755.00

35,115.00

36,670.00

37,773.00

40,362.00

40,704.00

39,639.00

41,244.00

growth rate

18.5%

23.6%

13.2%

10.6%

4.4%

3.0%

6.9%

0.9%

-2.6%

4.1%

Op.Income

-8,314.00

-324.00

2,217.00

786.00

891.00

10,540.00

5,268.00

6,501.00

6,502.00

5,855.00

growth rate

0.0%

100.0%

-64.6%

13.4%

1,082.9%

-50.0%

23.4%

0.0%

-10.0%

IBT

-9,041.00

-1,581.00

608.00

769.00

1,025.00

2,527.00

1,072.00

7,157.00

6,636.00

5,701.00

growth rate

0.0%

100.0%

26.5%

33.3%

146.5%

-57.6%

567.6%

-7.3%

-14.1%

Net Income

-8,922.00

-1,237.00

593.00

786.00

891.00

10,540.00

659.00

4,526.00

4,373.00

3,577.00

growth rate

0.0%

100.0%

32.6%

13.4%

1,082.9%

-93.8%

586.8%

-3.4%

-18.2%

EPS

2.11

-19.08

-1.50

0.70

1.01

1.19

12.29

0.78

5.63

5.79

4.95

growth rate

-100.0%

0.0%

100.0%

44.3%

17.8%

932.8%

-93.7%

621.8%

2.8%

-14.5%

Gross Profit

1,555.00

8,914.00

13,015.00

14,397.00

14,208.00

15,012.00

16,809.00

10,536.00

12,041.00

12,100.00

12,126.00

growth rate

473.3%

46.0%

10.6%

-1.3%

5.7%

12.0%

-37.3%

14.3%

0.5%

0.2%

Quarterly Statements

Item Name

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Earnings BIT

1,765.00

1,145.00

813.00

1,704.00

1,626.00

growth rate

-35.1%

-29.0%

109.6%

-4.6%

Balance Sheet

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Acct.Receivable

2,399.00

2,377.00

2,568.00

2,427.00

2,517.00

growth rate

-0.9%

8.0%

-5.5%

3.7%

Acct.Payable

3,059.00

3,674.00

3,351.00

3,749.00

3,265.00

growth rate

20.1%

-8.8%

11.9%

-12.9%

Cur.Assets

7,083.00

7,844.00

7,724.00

7,641.00

6,726.00

growth rate

10.7%

-1.5%

-1.1%

-12.0%

Total Assets

51,928.00

53,292.00

54,078.00

55,796.00

55,003.00

growth rate

2.6%

1.5%

3.2%

-1.4%

Cash

1,478.00

1,814.00

1,447.00

1,886.00

1,380.00

growth rate

22.7%

-20.2%

30.3%

-26.8%

Inventory

1,136.00

1,329.00

1,146.00

1,589.00

1,170.00

growth rate

17.0%

-13.8%

38.7%

-26.4%

Cur.Liabilities

16,496.00

18,573.00

20,012.00

19,269.00

18,158.00

growth rate

12.6%

7.8%

-3.7%

-5.8%

Liabilities

37,927.00

39,382.00

41,521.00

42,940.00

41,299.00

growth rate

3.8%

5.4%

3.4%

-3.8%

LT Debt

7,588.00

6,295.00

6,360.00

8,279.00

7,837.00

growth rate

-17.0%

1.0%

30.2%

-5.3%

Equity

14,001.00

13,910.00

12,557.00

12,856.00

13,704.00

growth rate

-0.7%

-9.7%

2.4%

6.6%

Common Shares

growth rate

Cash Flow Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Capital Expenditures

941.00

1,160.00

1,265.00

1,581.00

967.00

growth rate

23.3%

9.1%

25.0%

-38.8%

Cash Dividends

219.00

215.00

217.00

213.00

240.00

growth rate

-1.8%

0.9%

-1.8%

12.7%

Cash From OA

1,645.00

1,918.00

1,343.00

2,807.00

1,500.00

growth rate

16.6%

-30.0%

109.0%

-46.6%

Sale Purchase of Stock

-550.00

-327.00

-325.00

growth rate

0.0%

0.0%

FCF

704.00

758.00

78.00

1,226.00

533.00

growth rate

7.7%

-89.7%

1,471.8%

-56.5%

Income Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Sales

11,060.00

10,245.00

9,968.00

11,775.00

11,953.00

growth rate

-7.4%

-2.7%

18.1%

1.5%

Op.Income

1,765.00

1,145.00

813.00

1,704.00

1,626.00

growth rate

-35.1%

-29.0%

109.6%

-4.6%

IBT

1,805.00

1,090.00

718.00

1,372.00

1,674.00

growth rate

-39.6%

-34.1%

91.1%

22.0%

Net Income

1,178.00

572.00

547.00

1,025.00

1,312.00

growth rate

-51.4%

-4.4%

87.4%

28.0%

EPS

growth rate

Gross Profit

3,414.00

2,830.00

2,260.00

3,242.00

3,196.00

growth rate

-17.1%

-20.1%

43.5%

-1.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.